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Timmins Mortgage Information

Average Mortgage Loan in Timmins: $148,878

Busy Months for Mortgage Applications within Timmins

The 6-year bar graph below shows the volumes of online applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Timmins seem to occur during our first quarter (represented by the brown bars) with 27.10% while our slowest is the fourth quarter (represented by the red bars) with 23.87%.

Busy Months Report for Timmins Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 October: 13.6%
2 February: 11.6%
3 June: 11.6%
4 September: 9.7%
5 March: 9.0%
6 April: 8.4%
RankMonth Percentage of Applications
7 July: 7.1%
8 August: 7.1%
9 January: 6.5%
10 November: 5.8%
11 May: 5.2%
12 December: 4.5%

Busy Days for Online Applications within Timmins

The graph below displays the busy days for mortgage inquiries that were received by Super Brokers' web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Timmins the busiest day, with approximately 21.29% of all applications, is Monday. In comparison, Saturday's are the slowest day with only 9.03% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 21.3%
2 Wednesday: 16.8%
3 Tuesday: 16.1%
4 Thursday: 14.8%
5 Friday: 11.6%
6 Sunday: 10.3%
7 Saturday: 9.0%
Busy Days Report for Timmins Mortgages

Peak Hours for Mortgage Applicants within Timmins

In Timmins, inquiries are received 24 hours a day on the Mortgage Super Brokers web site. The report shown below indicates the peak hours within a 24-hour period. The data is taken from all days of all years. Only 32.9% of all mortgages are received during the morning, while 65.8% arrive in the afternoon.


Peak Hours Graph for Mortgages in Timmins
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 1.3%
2AM 02:00 to 02:59: 0%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0.6%
6AM 06:00 to 06:59: 3.2%
7AM 07:00 to 07:59: 4.5%
8AM 08:00 to 08:59: 5.8%
9AM 09:00 to 09:59: 8.4%
10AM 10:00 to 10:59: 4.5%
11AM 11:00 to 11:59: 5.8%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.1%
1PM 13:00 to 13:59: 5.8%
2PM 14:00 to 14:59: 5.8%
3PM 15:00 to 15:59: 7.7%
4PM 16:00 to 16:59: 7.7%
5PM 17:00 to 17:59: 6.5%
6PM 18:00 to 18:59: 8.4%
7PM 19:00 to 19:59: 4.5%
8PM 20:00 to 20:59: 4.5%
9PM 21:00 to 21:59: 5.8%
10PM 22:00 to 22:59: 0%
11PM 23:00 to 23:59: 1.9%

Ontario Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.07%
British Columbia: 10.40%
Manitoba: 2.00%
New Brunswick: 2.53%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.49%
Nunavut: 0.10%
Ontario: 47.31%
Prince Edward Island: 0.51%
Quebec: 3.94%
Saskatchewan: 5.04%
Yukon: 0.47%

How Timmins Ranks in Ontario for Mortgage Business

The following table lists how Timmins ranks for mortgage applications sent to our website. The data collected is over a 7-year time frame. A location has to have a minimum of three applications to make the list. To find more information, simply click on a location.

RankLocation Contribution
30NIAGARA FALLS, ON 0.323%
31PICKERING, ON 0.313%
32NEWMARKET, ON 0.309%
33NEPEAN, ON 0.308%
34CORNWALL, ON 0.280%
35TIMMINS, ON 0.268%
36MILTON, ON 0.259%
37KANATA, ON 0.259%
38WOODSTOCK, ON 0.254%
39SARNIA, ON 0.252%
40THORNHILL, ON 0.251%

Types of Mortgage Inquiries Received from Timmins


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 25.8%
Mortgage Pre-approval: 20.6%
First-time Home Buyer: 16.1%
No Money Down Mortgage (discontinued): 14.8%
Refinance / Debt Consolidation: 11.0%
Mortgage Renewal: 4.5%
Other: 7%
 
Total Application Types Found: 10

Age Demographics for Timmins Mortgages

Average age: 35
Oldest age: 67
Youngest age: 19


Incomes for Timmins Mortgages

The amounts shown below represent the average income of people living in Timmins who have applied for a loan using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Timmins: $58,403.04
applicants within all of Canada: $60,852.54
Difference: ($2,449.50)
  
mortgage co-applicants in Timmins: $37,971.76
co-applicants within all of Canada: $43,965.51
Difference: ($5,993.75)

Note: Commercial loan amounts were not included for this report, only residential mortgage loans were used.


Last mortgage report update for Timmins: Friday, July 1, 2016
Mortgage Calculator
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Port Hope.

Mortgage Product Type Inquiries
First-time Home Buyer25.45%
Mortgage Pre-approval21.82%
Refinance/Consolidate Debt16.36%
No Money Down discontinued12.73%
New Purchase10.91%
Mortgage Renewal7.27%
Other5.46%
 
Did you know? The average home loan in Huntsville is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
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